Who’s looking for a great deal? You choose how you want to profit…
1) Nice rental property. Renovate, Rent, Refinance. It’s already a legal 2-unit so the reno will be a lot easier.
2) It’s a profitable fix & flip opportunity for the right buyer who can keep expenses low.
SUMMARY:
– LOCATION: Ajax (Bayly & Pickering Beach Rd)
– PURCHASE PRICE: $589,900 Or Best Offer
– AFTER REPAIR VALUE: A few recent sales over $700,000.
– CLOSING: March 19, 2021 (This is an assignment sale.)
– TYPE: Semi-Detached Bungalow
– BEDS/BATHS: 3 + 1 Bed, 2 Bath
– BASEMENT: Legal Basement Apartment
– PARKING: double driveway with 4 spots + detached 1.5 car garage
– SQFT: 994 sqft (Just round up to 1000!)
– LOT: 37.5′ x 115′
– AGE: 1957
– PROPERTY TAX: $3,840
– RENTS: $3000-$3500 estimated (Vacant possession will be given)
RENOVATIONS NEEDED:
– The Upper Unit needs a full cosmetic reno (new kitchen, bathroom, flooring, etc)
– Lower unit needs some updates, but not as much as the upper unit.
– Some junk and furniture removal
– AC is old
– Please look at the pictures for more ideas.
GOOD NEWS:
– It has a LEGAL basement apartment that was updated in 2016, but could use some updates again. Legalized in 2009. Which means the hard work has already been done!
– Roof and windows look good and are around 10 years old.
– Furnace is under 5 years old.
– Big Garage
– Lots of parking
Please let us know if you want to view it or if you want us to get you details. (Videos, home inspection report, comparable sales, MPAC info, and more…)
Thank you,
Aaron Moore & Tomomi Wang
647-557-5979
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors
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